O-1998-2253 - Laserfiche WebLink

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e ~RIGINAL (SEAL) FORM OF INITIAL BOND The Initial Bond shall be in the form set forth above for the Definitive Bonds. except the following shall replace the heading and the first paragraph and the Bond will be a continuous document: NO. I-I $1,250,000 United States of America State of Texas CITY OF LA PORTE, TEXAS WATERWORKS AND SEWER SYSTEM REVENUE BOND, SERIES 1998 Issue Date: JUNE 15, 1998 Registered Owner: PENSON FINANCIAL SERVICES, INC. Principal Amount: ONE MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS ($1,250,000) THE CITY OF LA PORTE, TEXAS (the "Issuer"), for value received, acknowledges itself indebted to and hereby promises to pay to the order of the Registered Owner, specified above, or the registered assigns thereof (the "Registered Owner"), the Principal Amount, specified above, with principal installments payable on March 15 in each of the years, and bearing interest at per annum rates in accordance with the following schedule: YEARS OF STATED MATURITIES PRINCIPAL INSTALLMENTS $ INTEREST RATE % (Information to be inserted from schedule in Section 2 hereof.) INTEREST on the unpaid Principal Amount hereof from the Issue Date, specified above, or from the most recent interest payment date to which interest has been paid or duly provided for until the Principal Amount has become due and payment thereof has been made or duly provided for shall be paid computed on the basis of a 360-day year of twelve 30-day months; such interest being payable on March 15 and September 15 of each year, commencing March 15, 1999. THE PRINCIPAL OF AND INTEREST ON this Bond are payable in lawful money of the United States of America, without exchange or collection charges. The final payment of principal of this Bond shall be paid to the Registered Owner hereof upon presentation and surrender of this Bond at final maturity, at the designated payment office of CHASE BANK OF TEXAS, NATIONAL ASSOCIATION, Houston, Texas, which is the "Paying Agent/Registrar" for this Bond. The payment of principal installments and interest on this Bond shall be made by the Paying AgentlRegistrar to the Registered Owner hereof as shown by the Registration Books kept by the Paying AgentlRegistrar at the close of business on the Record Date by check drawn by the Paying AgentlRegistrar on, and payable solely from, funds of the Issuer required to be on deposit with the Paying AgentlRegistrar for such purpose as hereinafter provided; and such check shall be sent by the Paying AgentlRegistrar by United States mail, postage prepaid, on each such payment date, to the registered owner hereof at its address as it appears on the Registration Books kept by the Paying AgentlRegistrar, as hereinafter described. The record date ("Record Date") for payments hereon means the last calendar day of the month preceding a scheduled payment. In the event of a non-payment of interest on a scheduled payment date, and for 30 days thereafter, a new record date for such payment (a "Special Record 7